BOND COVERAGE REQUIRED Clause Samples

BOND COVERAGE REQUIRED. Each party has determined that the minimum amount of fidelity bond coverage deemed appropriate to be maintained. This amount is set forth in Exhibit A and each Fund represents and warrants to each of the other parties that the minimum amount of coverage required by Rule 17g-l(d)(1) as of July 3 1,2002, is not more than reflected in Exhibit A. Each Fund further agrees that it will determine, immediately following the end of its fiscal quarters, the minimum amount of coverage required by Rule 17g-1(1), and will promptly take such steps as may be necessary to insure that its minimum coverage as set forth in Exhibit A shall not be less than the minimum coverage required by Rule 17g- 1 (d)(1).